In its latest Budget Monitor, Access says that while commodity revenues will benefit the bottom line in the short term by a total of $6 billion, outstripping Treasury’s predictions, things could turn sour as prices inevitably tail off towards the middle of the decade. Crikey asked for a consensus.

Is it time to take the foot off the stimulus pedal? Today’s NAB business survey reveals what it calls the “remarkable ongoing strength” in business confidence and there’s been a rapid rise in business conditions.

Wall Street recovered overnight, following the Australian market’s relatively strong performance yesterday. Perhaps this will come to be seen as a small correction, with no need for the shoal of local economists to switch directions on interest rates (again) like a shoal of sardines sensing a predator.